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on the fiscal cliff. a nor'easter bears down on shores ravaged by sandy. ben tracy is there. we'll have the forecast. >> i don't know if we can mentally handle another storm. >> pelley: and one secret to the president's success was the changing face of america. anna werner on the new voters who helped push him over the top. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. this is a special one-hour edition. $6 billion was spent on political campaigns and when they were over nothing much changed. republicans will still control the house, democrats the senate, and barack obama will still be president. this was the scene tonight as the president and the first family returned from chicago aboard air force one. they landed at joint base andrews right outside washington, d.c we will have a look at what you can expect from washington many the future, but first the latest returns. we still can't project a winner the presidential contest in florida, but even without florida mr. obama has 303 electoral votes-- well over the 270 needed for vict
jersey, people recovering from sandy are preparing for the worst, a nor'easter. janice dean has the latest. >> reporter: the northeast catching no breaks from mother nature as a nor'easter strikes the region, which is still dealing with the aftermath of superstorm sandy. philadelphia already seeing the affects of the storm with afternoon snowfall. new jersey governor chris christy telling garden state residents to prepare for the worst. >> and i can see us moving backwards. people losing power again, especially inland because of the snow it could happen here as well if there is significant flooding and wind and damage, and we're not going to know until the storm passes. >> reporter: new york city officials encouraging folks to seek higher ground and while closing down all parks and beaches. >> the fdny have 20 task forces outfitted with small inflatable boats, pumps, chain soy a saws and equipment near potential areas and we think we're ready for anything. >> reporter: major airlines canceling flights in and out of the region. united and american both suspending service in the
would be remiss if i did not bring up hurricane sandy, actual gasoline is something we depend too much upon and if we had natural gas, powered cars some of us may have fared a little better. does that affect the landscape looking ahead at all? >> i am not sure about this, because reality is we have the gasoline, the power went out at the station. we switch to natural gas, i'm not sure that would have mattered. a natural disaster you cannot do much about. david: one of scott's picks was the southwestern gas. putting the ticker up, i want to ask about where you're putting your portfolio or how you're moving it around based on election results. i imagine you're more in cash than you were yesterday. >> yes, we are. we had been building up our cash position, allocating like bonds and fixed incomes, sweeping the treasury will go down 1.5%. we think there is more to be made there, but we are reallocating. pulling money out of equities. we feel some point in time there will be a dislocation in the market. so we're just waiting for those opportunities and being patient. liz: good to see you bot
. many of them were pointing a finger at hurricane sandy. that romney had momentum in the polls and after that the momentum was broken. and some said that obama had done enormous damage in may, june and july. but there were big issues at stake in this campaign. two different views of governing, higher taxes were more regulation and more spending and the vote terse chose president obama's. bill: now, you go to the issue of governing. what is the expectation of this group in washington now. >> i think that obviously president obama is going to try to use his victory which is very their coto press his agenda to raise taxes on higher income americans. i do not see republicans want to go give in on that at all. i think the fiscal cliff will be relatively unchanged. look at what we have had. we had this election. president obama is still going to be president. john bane letter still be speaker of the house and harry reid will still be the senate majority leader. not a lot has changed. bill: byron york. martha: just before 1:00 a.m. eastern time governor mitt romney stepped on the stage to thank
of hurricane sandy a once-in-a-lifetime storm that crippled the infrastructure of the region fewer than a million people, or a million customers still do not have power. it could be more than a million. many homes that survived hurricane sandy are severely damaged the many tremendouses standing are weakened greatly and high winds could take them down if the nor east are hits. officials are warning of new power outages. fed sex delivering generators, food, water, ice, to nursing homes and shelters and first responders. new york city is shutting down construction, closing all parks again encouraging drivers to stay off the road. the city's mayor says that low-lying areas are vulnerable because of beach erosion from super storm sandy. david lee miller is live on long island, new york, where victims of sandy prepare for another hit. would you look at that. janice dean is in the fox weatherst. you predicted it. sure enough. >> nine days ago we talked about a hurricane. now we are talking about a winter storm. you cannot wrap your head around it. the worst right new, not at its height, the he
it inappropriately. they're going to blame sandy, chris christie paul ryan. they're going to blame voters for being dumb and voting against their interests. i think and i've said this president obama because mitt romney was the w candidate at the wrong time. i think he would have won in 2008. he needed a time machine. a bad year to be the guy running against universal health care when you crafted a similar piece of legislation in massachusetts. running on a message of business and success and capitalism when that's demonized in the class war. it was just the wrong fit for this year. >> steve? >> yeah. you know guys i mean, this was obviously a momentous win for obama and the democrats and a lot to dissect in terms of demographics and where politics in this country go from here and something to be said for the idea that obama in the campaign was in lot of people appreciated. political scientists who sort of step away from the day-to-day campaigning and look at the structural factors said obama's is50% for basically this entire year. unemployment rate was high but it was slowly c
hurt from superstar sandy up next what fema is up to. and harry reid, the deficit deficit, and if congress can work together. [ male announcer ] do you have the legal protection you need? maybe you want to incorporate a business or protect your family with a will or living trust and you'd like the help of an attorney. at legalzoom, a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. america of loaded and they chose higher taxes even speaker of the house says maybe they could be on the table. >> for the purposes of the bipartisan agreement we're willing to except new revenue under the right conditions. gerri: the author of who is the fairest of the mall? i think what john boehner is talking about, stephen is close-up deductions and loopholes not raise taxes on the wealthy. >> that is what they have been saying over the last three years like the super committee barack obama of one the election and they have consequences. he ran they would raise the tax cuts on th
. a good sign in parts of new york and new jersey. of course, battlered by hurricane sandy. >> thousand could not vote at usual poll locations, they took buses or shared ride. many said it felt like a return to normalcy, a change from the on going crisis. only thing i have. lost my home, everything, only had my freedom to vote. >> had to be a welcome distraction. folks in the dark. a week later. colorado and washington have become the first statesen the country to legalize, recreational marijuana use. >> what did you say? >> recreational marijuana use. >> it will allow adults to possess small amounts of pot. >> a federal law in place. now the issue will likely end up in front of the supreme court. a similar initiative was voted by voters in oregon. >> much more on that you can believe. for the first time, same-sex marriage approved by popular vote with ballot initiatives passing in maryland and maine. still too early to tell if washington, itself, will follow suit. but voters in minnesota said no to placing a ban on gay marriage in the state's constitution. >> californians voted for rep
hurricane sandy, but the potential demand coming from this nor'easter. add to that long-term policies and energy from president obama it'll make energy in interesting future. as you produce less and consume less, now the focus is on consumption. a look at oil today, slamming it today down three and a half dollars on a barrel of oil. that is an incredible move it even more incredible considering the fact oil rallied initially when the exit polls started to show traders might win the election. we are seeing prices get slammed. $0.10 per gallon, heating oil down 8.98. very interesting inventory report. huge demands, it sent lower on gasoline, 13% lower on diesel and that could get worse next week. back to you. lori: in the middle east more bullish for energy prices? >> it is, the focus is on the demand side of the equation. if europe is going to slow down, the u.s. will slow down, the middle east isn't going to pop up until something actually happens. a lot of supply even if we get a cut off of supply. lori: thank you. the dow down 270 points. we have to go to nicole petallides on the fl
a strong first debate he wasn't able to keep the momentum going. then came hurricane sandy that took the focus off romney in the final week of the campaign. romney had expected to win. earlier in the day he told reporters he had written only one speech, a victory speech. >> it's about 1,118 words, and i'm sure it will change before i'm finished because i haven't passed it around to my family and friends and advisers to get their reaction. >> reporter: but in the end he delivered a concession speech, lasting just five minutes. >> i so wish that i had been able to fulfill your hopes to lead the country in a different direction, but the nation chose another leader, and so ann and i join with you to earnestly pray for him and for this great nation. thank you and god bless america. >> reporter: you could see the sadness in romney as he gave that speech last night. it was a hard-fought campaign and as you said he didn't leave anything on the table. not only was it the end of the campaign after those 17 months on the campaign trail, it also is most likely the end of romney's political life,
extraordinary. >>neil: how much can folks take? victims of hurricane sandy are crying out for help. >> we need heat. we need running water. it is sewage water. i don't know if i can make it. i don't know what to do. i can't do it. >>neil: the leaders are saying they are doing great. >> we thank the administrator if today and more than today, for the federal government's response from day one. >> i thank you and keep doing a great job. >> i thank joe citizens a lot credit. >> they have done a go nominal job. >> i thank the governor for his continued leadership and focus. >> i thank the governor and his team for the great job they have done. >> this federal government performance is extraordinary. >> they are doing an outstanding job. >>neil: okay. hurricane sandy tore his town to shreds but didn't you know they are doing a great job. >>guest: i was absent for that memo. everyone was doing a great job for the first day when all of the shiny trucks were on the cape and they had a photo opportunity. the people that have been doing a great job are the private citizens giving us food and gloves and
the northeast today with wind, water and snow. its arrival came just over a week after hurricane sandy battered the region. police cars in new york city patrolled low-lying neighborhoods, urging people to evacuate again. the approaching nor'easter brought a wintry mix of cold and snow and possibly, minor flooding in already damaged coastal areas. new york mayor michael bloomberg: >> we haven't and won't order the kind of large scale evacuation we ordered in advance of hurricane sandy but if you are experiencing significant flooding during sandy you should consider taking shelter with friends and family at a safer spot or using one of the city's storm center shelters. >> sreenivasan: in new jersey, thousands of storm-weary people braced for their brush with the new storm, even as cleanup efforts continued from "sandy". governor chris christie suggested it was a little like the biblical plagues. >> when i finally got that final kind of, forecast that i got last night, i said i'm waiting for the locusts and pestilence next, you know. >> sreenivasan: the storm could also bring wind gusts of 65 mile
's sterling bipartisan work on tropical storm sandy. i never saw what came about last night, this powerful swing of support to the president. not just him but his party in senate races across the country. our question tonight, what happened? but i can't begin our usual political discussion tonight without a strong sad personal note. i was on last night for ten hours straight from 5:00 in the evening till 3:00 in the morning. a few minutes to 3:00 i said something terrible. i said that i was glad about the coming of tropical storm sandy because of its impact on this national campaign. it was a terrible thing to say, period. i can say it was because i was tired but the fact is i wasn't thinking of the horrible mess this storm has made of people's lives up here in new york and elsewhere. it's not until you read the local newspapers that you know the horror this has reeked on people's lives. very good people's lives. i grew up in the south jersey shore. i have relatives living there still. i failed to see the damage down in new jersey, staten island and other places around here. it is truly a
. >> something you were saying about reality -- we saw the october surprise, super storm sandy, natomas is spending the campaign, but also the -- not only suspending the campaign, but also the bloomberg endorsement. many were looking over the right shoulder in terror -- if you acknowledge that climate is a real -- yesterday, for the five members of congress went to defeat. because they were targeted for taking anti-science positions in independent districts. is the as starting to melt them apart in the republican party on climate science? is there an opening for the president and the administration to move more boldly? >> it is sandy a turning point in this discussion or not? >> the whole discussion of climate change has become so polarized that i think, if we can address some of our economic challenges, some of our immigration challenges, there are a whole host of things on the priority list to overcome all that. right now, it has become so divisive that i will look for any immediate move on that particular issue. >> the santa barbara oil spill was a galvanizing change. >> i think ther
't have said it. >> i commend you for it. i want tong sandy up for a reason because there's a lot of whisperimoives in the romney campaign, oh, if it wasn't for sandy. that is not -- look at -- what happened in the state of florida, would have happened if the election had been september 6th, october 6th or november 6th. this was structural. this was demographic. this had nothing t do with any issue. no auto bailout. no sandy. no any other effects. and so any other excuse that some republicans make is whistling past their grave yards. >> you accept it's more about demographics, more latino10%,lm. a pretty good showing among white voters, about 39, about the levels of t five cycles. >> well, i mean, he dropped a litt 43% of the -- >> before him. >> yeah, around where gore and kerry were. you know, they were -- the peopleou mentioned david plouffe, jim mussina and jim axelrod -- particularly mussina and plouffe, i wrote about this, they saw this as a contest between economics and demographics. the economics were going to be a headwind for president obama and the only way to win was
from super storm sandy, a nor'easter is pummeling the region tonight, bringing with it powerful rains, wind and sleet. already today, 22,000 homes and businesses have lost power between the carolinas and new york. that's on top of the 650,000 people still without power from sandy last week. today's storm has also forced the cancellation of nearly 1,500 flights in the northeast, with newark airport in new jersey facing the most cancellations. >> susie: boeing showed today how it's preparing for the so- called "fiscal cliff": it's restructuring its defense business, big time. as the pentagon's largest supplier, boeing said it is slashing management jobs by 30%, consolidating business units and closing some defense facilities in california. boeing hopes to cut costs by more than $1.5 billion over the next two years. >> susie: boeing shares got caught up in the market downdraft, tom, falling 2%, and it had plenty of company. all 30 of the dow components were in the red today. >> there was a lot of red on the screen this post-election day. in europe, and also earnings, all getting mixed in
this on sandy or a divisive primary. you can blame this on the following. you have a republican party that no longer reflect what is america looks like. you have a republican party that was rightly or wrongly, perceived to be disenfranchising latinos and women -- [overlapping dialogue] >> the popular vote, it is evenly divided. >> look at the gender -- >> dirty divisive -- [overlapping dialogue] >> excuse me. the election is over. look at the returns. obama won the latino voters -- >> it doesn't matter how we -- >> let me finish my point. >> julie, finish your point. >> as i said, rightly or wrongly, you have a republican party perceived by latinos as wanted being on there side, women, want on their side. if the republican party doesn't understand they have to expand their brand and they are no longer representing white men, they will continue to lose. the more they fight that fact, the longer you will have results like this. >> promoting riskal responsibility only represents the white male brand. >> the race is over. we are discussing demographics. >> unwaivering supporter from barac
for mitt romney. the president captured just about every other group. and just over a week after sandy devastated the northeast, a powerful new storm brings more misery to the hardest hit areas. we want to welcome our viewers in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >>> president obama's due back in washington in the next hour. a triumphant return to the white house that will be his home for another four years. a bitter election campaign ended with the president taking virtually all the key swing states beating mitt romney just about every place where it mattered most. but congress will remain divided meaning democrats and republicans must immediately start finding some ways to deal with the prospect of an urgent new financial crisis. in his victory speech, the president said americans voted for action. and he's already called congressional leaders to discuss his agenda. the house speaker, john boehner, says both sides now must work together. and he hints at compromise on tax reform. in the end, president obama won just about all of t
attention to the northeast and weather. a week after being battered by sandy, storm stricken areas are bracing for a nor'easter as hundreds of thousands do not have power and a new flooding threat looms. want to check in with meteorologist todd gross back at hq. >> it's more than that. there's a real threat of significant snow in the new york metropolitan area and that's one of the things we're going to be discussing because there are still leaves on the trees, my friends, and that does not bode well as we saw one year ago when you have leaves on the trees and wet snow, it can be a major player in how the storm ends up. i'll explain what i mean. first of all, if you look at the satellite and radar combined, you can see the bright colors moving in on long island and moving in on new jersey. that is the actual first wave of precipitation coming in from this knockout nor'easter. there's already big winds from the storm. the big winds are in eastern massachusetts. nantucket gusting to 50 miles an hour already. there may be minor coastal flooding from the jersey shore through long islan
after he won last night. >>> after getting battered by sandy, many new york and new jersey residents are being evacuated again. another big storm is headed right for them. we'll get the latest. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announce
. after the first campaign, romney was ahead for a it little bit. around halloween, the sandy news started to kick in. president obama went ahead by point or less. do you see sandy play in? >> it robbed the challenger. it brought them for 3 or four days, six news cycles. the core issue was the economy. he wasn't able to get that message through for a few days. to some voters, it probably reminded some voters that this guy is reaching across party lines and reaching to the governor from new jersey. they're sitting in for the first time. i think it did help obama by freezing things for a few days and giving him that commander in chief aura. >> there is an important role that the federal government plays. romney and paul ryan talked about the government needs to get out of the way. >> romney specifically said he would cut fema. >> the last thing people want when catastrophe strikes is the government to get out of the way. >> some people remember obama came in in the middle of a crisis and he was cool headed. they were reminded that this guy doesn't react as much emotionally as we like to saee
't moving in pennsylvania. and they felt at that point they were flattened by sandy. i don't think this race was close enough to be impacted by a hurricane. >> no. >> but that's certainly what they believe. >> chris christie, yes, springsteen's his buddy, and springsteen may have brought him over. i think that people -- i was in ohio a couple weeks ago. you know, there's great wealth in ohio. there are companies that have given out billions of dollars to people in ohio because there's oil and gas everywhere. and the whole northeast ohio was flooded withal abouts of dollars of oil money. those people are not unhappy. >> andrea, we saw it early on, and we were talking about how the right track/wrong track in ohio shifted six months ago. mitt romney, i think, one of the pivotal moments when mitt romney told john kasich, stop bragging about your economy in ohio. ohio was a leading indicator. >> it was a leading indicator. you know, the other thing about that mitigates against agreement is the people who were elected in the house, and they picked up seats. the democrats did miserably. i think you
for hurricane sandy. we'll explain in grapevine. coming your way in 40 seconds. >> bret: this is quick. now some fresh pickings from the political grapevine. hardball anchor chris matthews closing thoughts from election night, well, they were a little unusual. he was as usual praising president obama and the people who re-elected him. then he said this -- "i'm so glad we had that storm last week, because i think the storm was one of those things. no politically i should say, not in terms of hurting people. the storm brought in possibilities for good politi politics. knoll shepherd writes -- >> bret: matthews apologized on tonight's program for two minutes saying i said something not just stupid but wrong. i said something that suggested ends justify means, something i have never believed in my life. thinking that way is immoral way to live your life. islamists are reacting to the american vote. egyptian brotherhood said the only foreign policy change the president can bring is by accepting the will of the arab people. they told the "times of israel" that egypt can affect and lead the process of
. >>> thousands of people still suffering from the impact of sandy. they may soon be hit by another storm. this time a nor'easter. rob marciano joins us next with the details. ♪ ♪ we're lucky, it's not every day you find a companion as loyal as a subaru. love. it's what makes a subaru, a subaru. throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day 50+. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. >>> victims of superstorm sandy are bracing for another powerful storm, a nor'easter, moving up the east coast, threatening areas still very much recovering from last week's storm. i want to go straight to rob marciano. rob marciano in staten island where
. well, until hurricane sandy, all the polls showed that it was really a much titler race, and let's again look at the reality that the popular vote was still rather close. >> bill: right. >> and it could very well be that it took, again you hate to see a tragedy like sandy crystallizing votes, but the whole emotional content of the electorate shifted because people saw it wasn't just a storm, a bit of distraction for mitt romney, it showed the public what government was about, the slogan should have been after that, who rebuilt that, the public really saw and i think we talked about that on the show, the necessity of a government that builds, that comes in was clear to everybody. good 2% to 3% have the vote right there. >> bill: i remember the headline a big storm requires big government. they really summed it up. eliot, we'll let you go back to bed. get another hour of sleep. thank you for getting up for us this morning. >> it's great to get up today. >> bill: congratulations to you and all the current team, as well. etteout spitzer see him at 8:00 p.m. on current tv. >> announce
. and hurricane sandy, a lot of people who i talked to as they were leaving this ballroom were suggesting that was the game changer for the president. having just been in ohio for five days and talking to a lot of folks there, obviously the auto bailout not only in ohio but in wisconsin and michigan keys here. but in the end, it was a night for mitt romney where he won only one of those hotly contented battleground states. >> chris, it was interesting to me the governor sent a message to his supporters that says accept this defeat. you know, this happened. and there has been a concern -- frankly i was concerned that whichever side lost might not feel as if they lost. they would be so stunned they wouldn't think it was fair and square. it does look like at least in that room and the supporters in boston that they know they lost fair and square. >> well, they do. and i think in the minutes after, we heard the statements from mitch mcconnell and this confusion for an hour and a half. the question was is this going to get nasty before it was truly over? i have to say one of the first things t
anything anymore. that is your this country is headed. host: were you affected by hurricane sandy up in beverly, new jersey? and what is your feeling about chris christie? caller: governor chris christie, i was not affected, just the power was out for a day. we did not get a whole lot of damage in my area. but governor chris christie -- if he has to go to the government to get help, that is what fema is there for. fema is there to help the state with catastrophes. host: greta. host: in montana, that race has not been called, results with more than half of the vote counted early this morning, they show that jon tester holds a five point lead over denny. 48% to 45%. the most expensive race in montana history. over $40 million is the tablet. moving on to north dakota, this has not been called either. the democratic challenger there it is tied 50% to 50%. we will continue to watch this race and let you know how it turns out. moving on to arizona. these are some of the closely watched senate races. jeff flake wins in that state, 50% over richard handpicked by president obama to ron. and t
then is, was this about the president's performance in dealing with hurricane sandy. there was a lot of speculation how this may have changed the race. governor romney was making a pitch saying i am bipartisan guy that can get things done. the storm came along, president was able to show that he could be effective and how in working with republican governor of new jersey will have to do a little more reporting but for that 9% that may have played a little bit of a role. scott john, thank you. norah, do you think sandy was a helpful octor surprise for the president? >> it appears based on some of the data that it may have been. once number of republicans hear that they're going to be angry at new jersey governor chris christie who some felt helped the president. other people said, these guys were doing their job for a lot of people who were really hurting, who lost their homes, lost their electricity for many people who died as a result of hurricane sandy. chris christie was effusive in his praise of the president. one point even praising the president for calling him and putting bru
obama is the projected winner tonight. it was devastated, as you know, by that superstorm sandy and still awaiting word how many people in the storm zone could actually show up. but we are ready to project that the winner tonight in new jersey is president obama, george. >> so we still see the north is going to president obama, the south is going to governor romney. so far just about everything as expected right now. see the states filled in that have been called already but we'll keep our eye all night long on these big battlegrounds where the campaigns have invested so much time and energy and money. the big states that are going to tip the balance tonight, the vote continues to come in. i want to go to ohio. you see it on the map right now if we can zone in on the board. we see about 20% of the vote has now come in ohio. president obama has 59% of that so far. governor romney, 40% and jon karl, i want to go to you. so much of that lead is based on the early vote that was made before today. >> yeah, that's exactly right and, remember, i said at this time exactly four years ago
. late last night virginia was called in the president's favor. and more than hurricane sandy, the employment rate, or even the auto bailout what proved decisive was cold, hard demographics. as the obama campaign predicted more than a year ago the white portion of the electorate would drop and it dropped from 74% to 72% in 2012. the president may have won just 39% of white voters but he carried nearly eight in ten nonwhite voters including a whopping 93% of african-americans. 71% of had a tinos, and 73% of asian voters. and despite all the predictions young voters wouldn't turn out, they made up a higher percentage of the electorate than they did four years ago. that's right. a higher percentage of the electorate. romney also fell short on the issue which was supposed to be his calling card for office and which voters picked as their top concern, the economy. nearly as many said the president would be the best to better handle the economy. 49%/48% there. and they picked the president on the economic values question, who is more in touch with people like you. he won that questi
hurricane sandy hit the northeast. stronghold for democrats that appeared destined to depress turn out for the president in some of his largest states. they said, we're just not thinking about the popular vote right now we're only focused on our battleground states. but something they're going to have to think about a lot more if these totals hold. >> pelley: thank you very much. let's switch over to jan crawford at romney headquarters in boston. certainly looking like a very different scene in boston, jan? >> reporter: it has been for the past couple hours there really has not been any good news for this crowd tonight. of course very quiet as you can imagine in this room. the questions now, of course, going to begin for the romney cam main what happened, why, for example didn't respond to some of the negative attacks over the summer allowing obama campaign to define him, particularly some of those battleground states with his work at bank capital. positions on auto industry bail out that really hurt him. people here believe, we're raising questions about that in recent weeks. when w
that the government can borrow at below 2%, and jfk. that was his way of putting it. that was before sandy. >> we don't need to build high-speed rail. >> i understand. >> really? we don't need to have solar energy next year powering all our cars. >> wait a second. i think there's a clean energy agenda over the longer term. but near term, if we're going -- >> it's not about jobs. >> i was with peter, we were in tokyo for the world bank meetings. peter has this great story. and it is about spending now and taking care -- >> this is the larry summers idea. >> jim liked it, too. >> it's not going to happen. >> it's not going to happen. you guys are really bumming me out. >> it's just not. >> i've even let you build a few things. >> the president only won this thing a few hours ago. >> we're going to have net fiscal contraction starting in 2013. that is where we are. >> net fiscal contraction. >> you're with bush in four years? i don't know. let me think about that. >> i'm a bush republican. as long as there's a bush republican running. >> i already threw christie out there. require want to get on the rec
it to try to change the momentum away from hurricane sandy is the way to generate excitement. the race is tightening. it did not deploy bill clinton if you thought you have [inaudible] >> we use the ap for official calls in states. we will get the updates for other networks. nbc is calling the massachusetts senate race for elisabeth warren -- elizabeth warren. that makes some math for republicans winning back the senate almost impossible. it will put a prominent liberal in the senate and take out a republican. one of the few moderate republicans left in the senate. that person will be ousted and join olympia snowe left because she was sick of the politics of washington. one of the things you need to keep in mind is you want to wins in these races. you will end up with a much more polarized senate. elizabeth warren -- is almost instantly a national figure. talk about the importance of this race. >> in terms of the moderates and the senate, what is going to happen in this election is you'll get totally elected in indiana, and you have a lot of friends for people like joe manchin. even th
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